Resource Place Shopping Center

Marcus & Millichap is pleased to exclusively offer for sale Resource Place Shopping Center, located at 3500 West Davis Street in Conroe, Texas. This 30,766-square-foot shopping center is situated on 4.15 acres with ample frontage and additional pad site land included.

Resource Place Shopping Center boasts sustainable rents for its tenants, allowing for an investor to preserve its cash flow and increase rents over time on units that are below market. In doing so, an investor may increase the cap rate from 7.25 percent to above 8.5 percent. An investor may explore developing on pad sites to further increase revenue.

Resource Place Shopping Center is located in a high-growth submarket within Conroe. The average household income is above $100,000 within a one-mile radius. H-E-B is located about one-half mile to the west of the property. Interstate 45 is located about one mile to the east of the property.